Edina, Minnesota Business Gets SBA-Guaranteed Funding from Eagle Valley Bank
An SBA loan from Eagle Valley Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Edina, Minnesota business owner got a $83,000 loan.
Getting a small business loan in Edina, Minnesota was an essential business goal for this firm back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Eagle Valley Bank, operating out of Saint Croix Falls, Wisconsin. Here are the details on this Minnesota small business loan.
SBA Loan Borrower
COMPANY TYPE: INDIVIDUAL AND FAMILY SOCIAL SERVICES
EDINA, MN 55435
SBA Loan Lender
EAGLE VALLEY BANK
102 N WASHINGTON
SAINT CROIX FALLS, WI 54024
SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA loan was issued via the SBA 7a lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
8322 - Individual and Family Social Services
NAICS Code
624190 - Individual and Family Services
Loan Approval Date
8/17/2001
Loan Approval Gross Amount
$83,000
Loan Approval from the SBA
Of the total $83,000 loan amount, the SBA guaranteed $62,250.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company
had 2 employees. The loan application did not indicate that the company promised to use the loan proceeds to add employees or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
If you have been wondering how do i get money to start a business in Edina MN, you ought to talk with a local Edina SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Edina businesses.
This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.
About This SBA Loan Information:
All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.
Related Links:
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SBA 7A Lenders in Saint Croix Falls, Wisconsin
Wisconsin SBA 7A Lenders